Management team completes full buyout of provider @Sipp   

Majority shareholders are Eddie McGuire and Steve Lancaster

Jenna Brown
clock • 2 min read

The management team of provider @SIPP has completed full buyout of the business.

The specialist self-invested personal pension (SIPP) and small self-administered scheme (SSAS) provider said the management buyout (MBO) was led by managing director Eddie McGuire and finance director Steve Lancaster. The entire share capital of Glasgow-headquartered @SIPP was bought for an undisclosed sum by @SIPP Group Holdings, a holding company established by the existing management team. The team said it was keen for the business - which was established in 2001 and has £2bn in assets under administration from 4,600 clients and 550 financial advisers - to remain independent and co...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Pensions

Pensions industry must unite on small pension pot consolidation model

Pensions industry must unite on small pension pot consolidation model

Uniting behind one industry-led model would mean widescale consolidation by 2023

Martin Richmond
clock 16 September 2025 • 3 min read
Pension withdrawals surge 36% as FCA reports record £70.9bn accessed in 2024/25

Pension withdrawals surge 36% as FCA reports record £70.9bn accessed in 2024/25

Nearly a million pension plans were accessed for the first time during the year

Sahar Nazir
clock 16 September 2025 • 2 min read
Pension transfers being 'unnecessarily' delayed due to scam warnings

Pension transfers being 'unnecessarily' delayed due to scam warnings

PensionBee argues there is ‘no clear correlation’ between the number of scam flags and the number of scams

Martin Richmond
clock 11 September 2025 • 3 min read